Downtown Kalamazoo Remodeled Office
For Sale
$450,000
107 W Michigan Avenue 9 & 11, Kalamazoo, MI 49007
Remodeled office condo with city views and rooftop patio.
Property Size1,658 SF
Price / SF$271.41
Days on Market209
Property Features for 107 W Michigan Avenue 9 & 11
General Information
Standard status
Active
Size
1,658 SF
Building Details
Year Built
1907
Listing Agency:
Berkshire Hathaway HomeServices MI
Listed By:
Bill Sikkema · License #6501305544
(269) 207-7270
Source:
Katie-k
Added: Mar 12
Changed: Sep 12
Last Checked: Oct 6 at 12:39AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Berkshire Hathaway HomeServices MI
Investment Insights
Based on property information with market context.
Located on the 9th floor of the Kalamazoo Building at the corner of Michigan Avenue and the Kalamazoo Mall, this remodeled office condominium offers views and interior space in Downtown. The property combines two units for a total of 1,658 SF, featuring a private entrance, ceilings, an open floor plan, and city views. Updated throughout, it showcases a kitchen, bathroom, and flooring, while preserving the original woodwork. A spiral staircase leads to a private rooftop patio with the potential to expand over the remaining roof deck. Additional features include a wood-burning fireplace and finishes. This property is an office condominium.
Key Highlights
- Breathtaking, unobstructed city views from the 9th floor of the iconic Kalamazoo Building.
- Completely remodeled 1,658 SF office condominium with new kitchen, bathroom, and flooring.
- Private rooftop patio with potential for expansion.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,617
Cap Rate
3.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$332,340
$332.3K
Cap Rate 7%
$237,386
$237.4K
Cap Rate 9%
$184,633
$184.6K
Market Conditions
NOI Build-Up for 1,658 SF
Gross rent
$23.9K $14.40/SF
− Vacancy
−$1.7K −$1.04/SF
EGI
$22.2K $13.36/SF
− OpEx
−$5.5K −$3.34/SF
NOI
$16.6K $10.02/SF
Area
Kalamazoo County, MI
Vacancy
7.20%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$332,340
Cap Rate 7%
$237,386
Cap Rate 9%
$184,633
Alternative Uses
Best Use
Office B
$237.4K
$207.7K – $277.0K
NOI $16,617 @ 7.0% cap · market cap 3.69%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$433.9K
$379.6K – $506.2K
NOI $30,371 @ 7.0% cap · market cap 6.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
3,165
Businesses Nearby
Explore this area
Business Placement
Demographics for 49007, MI
10,353
Population
5,102
Households
2
Avg Household Size
31
Median Age
24%
College-Educated
84%
High-School Grad
3.5 sq mi
ZIP Area
2,958
Density / Sq Mi
$39,309
Median Household Income
$24,723
Median Earnings
$1,017
Median Rent
$103,400
Median Home Value
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Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Office units - Remodeled office condo with city views and rooftop patio.
Where is this office units located?
The property is located at 107 W Michigan Avenue 9 & 11 Kalamazoo, MI.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Breathtaking, unobstructed city views from the 9th floor of the iconic Kalamazoo Building.; Completely remodeled 1,658 SF office condominium with new kitchen, bathroom, and flooring.; Private rooftop patio with potential for expansion.
